13. After reading the fine print in your credit card agreement, you find that the "low" interest rate is actually an 18% APR, or 1.5% per month. What is the effective annual rate? A. 18.47% B. 19.56% C. 18.82% D. 19.41% 14. Prizes are often not "worth" as much as claimed. What is the value of a prize of $5,000,000 that is to be received in 20 equal yearly payments, with the first payment beginning today? Assume an interest rate of 7% A. $2,833,898.81 B. $2,911,015.68 C. $2,609,144.14 D. $2,738,304.13 15. A credit card account that charges interest at the rate of 1.25% per month would have an compounded rate of_ and an APR of_ A. 16.08%; 15.00% B. 14.55%; 16.08% C. 12.68%; 15.00% D. 15.00%; 14.55%